Ford Foundation Picks Businessman To Lead It

“The Ford Foundation has selected a dark-horse candidate with little experience in institutional philanthropy as its new president. Luis A. Ubiñas, who has worked for McKinsey & Company, the consulting firm, for 18 years, will lead the organization, the nation’s second-largest foundation, with $11 billion in assets. Mr. Ubiñas’s appointment, to be announced today, is expected to stun the nonprofit world….”